^
+ Follow BRIDGE NEWS Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 100650
                    [Title] => BSP intervention keeps peso slightly up vs dollar
                    [Summary] => 

The peso rose marginally higher against the dollar at the close of trading yesterday that was dominated by talk of heavy central bank intervention in an attempt to ward off market panic with the closure of a local commercial bank Wednesday, traders said.

The peso closed at 41.28 to the dollar yesterday, a two-centavo gain from Thursday's close of 41.30 to the dollar.

A major local bank trader said the central bank indirectly sold dollars through a US bank and local bank in an effort to keep bids lower than 41.280.

Traders said the central bank easily accounted for about 9 [DatePublished] => 2000-04-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 100522 [Title] => Debt paper demand thins ahead of Lenten break [Summary] =>

Banks continued to stay on the sidelines at the secondary market for government securities yesterday ahead of the anticipated thin trading during the forthcoming Lenten week, dealers said.

Market players said they are also waiting for more details on the central bank's plan to slash the reserve requirement on banks which should boost liquidity.

* * *

"The market's steady. There were a few deals on the seven- and 10-year bonds but rates were unchanged from yesterday. [DatePublished] => 2000-04-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1198139 [AuthorName] => by Manolo Serapio Jr. [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

BRIDGE NEWS
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 100650
                    [Title] => BSP intervention keeps peso slightly up vs dollar
                    [Summary] => 

The peso rose marginally higher against the dollar at the close of trading yesterday that was dominated by talk of heavy central bank intervention in an attempt to ward off market panic with the closure of a local commercial bank Wednesday, traders said.

The peso closed at 41.28 to the dollar yesterday, a two-centavo gain from Thursday's close of 41.30 to the dollar.

A major local bank trader said the central bank indirectly sold dollars through a US bank and local bank in an effort to keep bids lower than 41.280.

Traders said the central bank easily accounted for about 9 [DatePublished] => 2000-04-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 100522 [Title] => Debt paper demand thins ahead of Lenten break [Summary] =>

Banks continued to stay on the sidelines at the secondary market for government securities yesterday ahead of the anticipated thin trading during the forthcoming Lenten week, dealers said.

Market players said they are also waiting for more details on the central bank's plan to slash the reserve requirement on banks which should boost liquidity.

* * *

"The market's steady. There were a few deals on the seven- and 10-year bonds but rates were unchanged from yesterday. [DatePublished] => 2000-04-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1198139 [AuthorName] => by Manolo Serapio Jr. [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

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